Workhorse adopts Value Creation Incentive Plan; CEO Griffith target $15M, CFO Davis $6.5M

Workhorse Group Inc.

Board adopted the Workhorse Group Inc. Value Creation Incentive Plan on Sept 22, 2026; performance period runs Oct 1, 2026 through Sept 30, 2031.
CEO Scott Griffith received a $15M target performance award; CFO Jody Davis received a $6.5M target award; payouts in cash or, at Committee election, common stock.
Revenue goal worth 15% of target: annualized GAAP revenue of at least $75M for two consecutive fiscal quarters (quarterly GAAP sales times four).
Gross margin goal 20% and operating cash flow goal 25% of target: each must be positive for two consecutive quarters on a GAAP basis.
Largest goal (40%): average market cap of at least $500M over any 45 consecutive trading days; Company says targets are not guidance or projections.

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